Can you take a cosigner off of a car loan?

Is there any way for me to take a cosigner off of an existing car loan? My mom cosigned for me when I got the loan, but I don’t need it anymore. I’m independent with a good job, and I’d like to take her off the loan.

Congratulations on getting your finances in order! While you can’t usually get a cosigner off a car loan, you may still have options:
  • Talk to your lender. Some loan agreements will include a cosigner release option. If you meet the qualifications, you might be able to remove your mom as a cosigner without refinancing. Contact your lender and ask about their cosigner-removal policy!
  • Refinance the loan. While technically not removing them from your loan, refinancing can get you a better loan with better terms and no cosigners! If your loan contract doesn’t have a cosigner release option, refinancing may be your best option.
  • Pay it off. This may not be feasible for everyone, but the easiest way to get rid of a cosigner is to pay off a loan! When the loan is paid off, there won’t be any need for a cosigner.
Since you’re already taking the time to remove a cosigner, take an extra minute to save on car insurance with Jerry. A licensed broker, Jerry can help you find and compare quotes from over 50 top providers in minutes. When you find a better rate—Jerry can help you switch providers and even help cancel your old policy!
Liz Jenson
Answered on Nov 08, 2021

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